Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Valentine Speedway Association Inc
EIN 39-2055912 • 501(c)4 • Casper, WY
Profile
The association maintains a racetrack to provide competitive amateur car, motorcylce, & atv racing to foster community and family involvement. The association hosting races provides additional sales tax, lodging, and revenue for local county & town governments & businesses.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on the latest valid filing.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
7th percentile
Faster asset growth than 7% of similar nonprofits.
Revenue Growth
3rd percentile
Faster revenue growth than 3% of similar nonprofits.
Balance Sheet
Assets
Down$0
Down $18,780 (-100%) from 2017
Liabilities
Down$0
Down $104 (-100%) from 2017
Net Assets
Down$0
Down $18,676 (-100%) from 2017
Revenue
Down$0
Down $66,579 (-100%) from 2017
Expenses
Down$18,676
Down $52,079 (-74%) from 2017
Net Income
Down-$18,676
Down $14,500 (-347%) from 2017
Trend Graphs
Filings
Most recent year
2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $0
- Liabilities
- $0
- Net assets
- $0
- Revenue
- $0
- Expenses
- $18,676
- Net income
- -$18,676
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2018 to Dec 31, 2018
- Signed
- May 13, 2019
- Return Version
- 2018v3.1
- Gross Receipts
- $0
Mission and Program Overview
Mission
The association maintains a racetrack to provide competitive amateur car, motorcylce, & atv racing to foster community and family involvement. The association hosting races provides additional sales tax, lodging, and revenue for local county & town governments & businesses.
Nonprofit corporation dissolved articles of dissolution filed with wyoming secretary of state
Program Services
| Description | Grants | Expenses |
|---|---|---|
| NONPROFIT CORPORATION DISSOLVED WITH WY SECRETARYOF STATE: NO 2018 RACES HOSTED | $0 | $0 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| RAY NASH | President | PT | $0 | - | - |
| JERMIAH MAAS | Vice President | PT | $0 | - | - |
| CHRISTINA ORTEGA | Secretary | PT | $0 | - | - |
| LAURIE NELSON | Treasurer | PT | $0 | - | - |
| FAY NASH | Track Advertsing Cooridinator | PT | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Valentine Speedway Association Inc
- EIN
- 39-2055912
- Phone
- 3072626037
- Address
- 1537 FETTERMAN AVENUE, CASPER, WY 82604
Signing Officer
- Name
- Ray Nash
- Title
- President
- Phone
- 3072626037
- Signed
- 2019-05-13
- Discuss with paid preparer
- Yes
Preparer
- Firm
- John R Kenfield Jr CPA
- Address
- 1537 FETTERMAN AVENUE, CASPER, WY 82604
- Preparer
- John R Kenfield Jr CPA
- Phone
- 3072626037
Supplemental Narrative
Additional Explanations
Other
“Since the landowner's death on 7/31/2016, the association has attempted to work with the landowner's heirs whereby financing was secured whereby (5) members wished to purchase the land from the estate. However, after exhaustive efforts, the heirs never returned any of the numerous attempts to finalize any sort of land purchase deal; therefore, the association had no choice, but dissolve the nonprofit corporation and shut down the racetrack. On 6/22/2018 articles of dissolution were filed with the wyoming secretary of state to dissolve the nonprofit 501(c)(4) corporation. Per article 9-dissolution of the articles of incorporation, the residual cash left in the operating account ($271.70) was donated to glenrock high school-blue jean fund. The equipment and other assets were disposed of as of 12/31/2018, and this 2018 form 990-ez marks the final federal return of organization exempt from income tax.”
Form 990EZ, Part I, Line 16
“Program business expenses 3030.”
Form 990EZ, Part I, Line 16
“Management & general expense 13135.”
Form 990EZ, Part I, Line 16
“Depreciation 1686.”
Raw XML Appendix156 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | RAY NASH |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | JERMIAH MAAS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | CHRISTINA ORTEGA |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | LAURIE NELSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | FAY NASH |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Vice President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Secretary |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | Treasurer |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | TRACK ADVERTSING COORIDINATOR |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | true |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 17851 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | NONPROFIT CORPORATION DISSOLVED ARTICLES OF DISSOLUTION FILED WITH WYOMING SECRETARY OF STATE |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | NONPROFIT CORPORATION DISSOLVED WITH WY SECRETARYOF STATE: NO 2018 RACES HOSTED |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 0 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | UT |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 104 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 18676 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/TotalRevenueAmt | 0 | 0 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleN/AssetsDistributedInd | 0 | true |
| IRS990ScheduleN/AttorneyGeneralNotifiedInd | 0 | true |
| IRS990ScheduleN/BondsOutstandingInd | 0 | false |
| IRS990ScheduleN/LiabilitiesPaidInd | 0 | true |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc | 0 | ASSET DISPOSAL |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt | 0 | 2018-12-31 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt | 0 | 63953 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt | 0 | 501(C)(4) |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt | 0 | HISOTICAL COST |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm | 0 | ASSETS LEFT ON PROPERTY |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt | 0 | OLD GLENROCK HWY |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm | 0 | GLENROCK |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd | 0 | WY |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd | 0 | 82637 |
| IRS990ScheduleN/RequiredToNotifyAGInd | 0 | true |
| IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt | 0 | SINCE THE LANDOWNER'S DEATH ON 7/31/2016, THE ASSOCIATION HAS ATTEMPTED TO WORK WITH THE LANDOWNER'S HEIRS WHEREBY FINANCING WAS SECURED WHEREBY (5) MEMBERS WISHED TO PURCHASE THE LAND FROM THE ESTATE. HOWEVER, AFTER EXHAUSTIVE EFFORTS, THE HEIRS NEVER RETURNED ANY OF THE NUMEROUS ATTEMPTS TO FINALIZE ANY SORT OF LAND PURCHASE DEAL; THEREFORE, THE ASSOCIATION HAD NO CHOICE, BUT DISSOLVE THE NONPROFIT CORPORATION AND SHUT DOWN THE RACETRACK. ON 6/22/2018 ARTICLES OF DISSOLUTION WERE FILED WITH THE WYOMING SECRETARY OF STATE TO DISSOLVE THE NONPROFIT 501(C)(4) CORPORATION. PER ARTICLE 9-DISSOLUTION OF THE ARTICLES OF INCORPORATION, THE RESIDUAL CASH LEFT IN THE OPERATING ACCOUNT ($271.70) WAS DONATED TO GLENROCK HIGH SCHOOL-BLUE JEAN FUND. THE EQUIPMENT AND OTHER ASSETS WERE DISPOSED OF AS OF 12/31/2018, AND THIS 2018 FORM 990-EZ MARKS THE FINAL FEDERAL RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX. |
| IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Other |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | SINCE THE LANDOWNER'S DEATH ON 7/31/2016, THE ASSOCIATION HAS ATTEMPTED TO WORK WITH THE LANDOWNER'S HEIRS WHEREBY FINANCING WAS SECURED WHEREBY (5) MEMBERS WISHED TO PURCHASE THE LAND FROM THE ESTATE. HOWEVER, AFTER EXHAUSTIVE EFFORTS, THE HEIRS NEVER RETURNED ANY OF THE NUMEROUS ATTEMPTS TO FINALIZE ANY SORT OF LAND PURCHASE DEAL; THEREFORE, THE ASSOCIATION HAD NO CHOICE, BUT DISSOLVE THE NONPROFIT CORPORATION AND SHUT DOWN THE RACETRACK. ON 6/22/2018 ARTICLES OF DISSOLUTION WERE FILED WITH THE WYOMING SECRETARY OF STATE TO DISSOLVE THE NONPROFIT 501(C)(4) CORPORATION. PER ARTICLE 9-DISSOLUTION OF THE ARTICLES OF INCORPORATION, THE RESIDUAL CASH LEFT IN THE OPERATING ACCOUNT ($271.70) WAS DONATED TO GLENROCK HIGH SCHOOL-BLUE JEAN FUND. THE EQUIPMENT AND OTHER ASSETS WERE DISPOSED OF AS OF 12/31/2018, AND THIS 2018 FORM 990-EZ MARKS THE FINAL FEDERAL RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | PROGRAM BUSINESS EXPENSES 3030. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | MANAGEMENT & GENERAL EXPENSE 13135. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Depreciation 1686. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Other |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990EZ, Part I, Line 16 |
| ReturnHeader/BuildTS | 0 | 2019-02-21 02:37:17Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | RAY NASH |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 3072626037 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2019-05-13 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | VALENTINE SPEEDWAY ASSOCIATION INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | VALE |
| ReturnHeader/Filer/EIN | 0 | 392055912 |
| ReturnHeader/Filer/PhoneNum | 0 | 3072626037 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1537 FETTERMAN AVENUE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | CASPER |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | WY |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 82604 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | 985A54AD8578B7F189426406BBDC503DC64765E1 |
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| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 69.145.79.14 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2019-05-12 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | PD |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 19:53:34 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | JOHN R KENFIELD JR CPA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1537 FETTERMAN AVENUE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | CASPER |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | WY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 82604 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 3072626037 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2019-05-12 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JOHN R KENFIELD JR CPA |
| ReturnHeader/ReturnTs | 0 | 2019-05-12T19:53:42-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2018-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2018-12-31 |
| ReturnHeader/TaxYr | 0 | 2018 |
Document Assets
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